thorburn I purchased my first shares in 1968 on the advice of my Father, Exoil at 10 cents to 90 cetns in 12 months.
I follow candestick charting, very apt at technical analysis and have researched Elliott Wave et.al.
There are also the seasonal factors, economic factors and the noise from the press and the counter culture online. In my investments I leave no stone unturned as you need to be on them all.
The US is desperate to hold their political, military and financial market might, but it is all coming undone before our eyes. Its just some cannot bring themselves to believe its really true.
The latest, noise I call it, is about trying to muster the last suckers to fall in to them, buy thier paper and bonds, but it is lossing value buy the day and the latter has virtually no yield anyway. The push down of gold this morning by the Bullion Banksters is merely part of that noise and will be short lived because of the very desperation one can read into the move. Any further fall will in my view be small and short lived.
Mates I have been discussing these issues with for years have laughed at my penchant for prescious metals, one last week began buying gold and silver and has arranged a vault with his bank. By the way when he was asked what he was doing with the drawdown the bank staff immediately said "gee that's a bit risky", the banks hate gold. The other friends are now seeking information with the same idea. What I am saying here is that sentiment is changing fast on the ground and there will not be the physical available soon at almost any price.
Over the last 10 years we have seen upticks in gold on breakouts of more than 50%, it has averaged a 30% rise each year since then. We are on the cusp of another 50% rise from here which looks to US$2,400. Then of course there will be almost manic attention from the investment community (called the second stage)so it will hold at that price and soon after go well beyond. I base this pureley on my overall investment observations and the power of sentiment. The real gold rush is near at hand.
It does seem if anyone tempts to put a counter view you are on thier tail. In reality none of us, that I can see here are experts, they do not really exist, we merely discuss the issues together to exchange views and to help each other. Our combined experience though is a very powerfull tool.
And of course I may well be wrong, have been many times, but the rights with care outnumber them.
